An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase Months of Coverage Cost A April 1, 2017 24 $ 14,400 B April 1, 2018 36 $ 12,960 C August 1, 2019 12 $ 2,400     The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)   Question: So what would my adjusting journal entry be? Because I'm "preparing adjusting entries as of December 31, 2019"

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